The Technology Incubation Scheme (TIS) was a government funding program of the National Research Foundation (NRF) of Singapore.[1] The scheme was started in 2009 and ended on 30 June 2016.[2]

Details of the Program

The TIS program selected funds that matched the following criteria:[3]

  • Funds that can incubate and nurture young start-ups prior to venture capital funding.
  • The program matches investments up-to 85% co-funding of a private incubator (maximum S$500,000).
  • Incubators have the option to buy out NRF's equity of the company. Option is valid for 3 years (post TIS investment).

Incubators accepted into the Program

As of 1 August 2013, there are currently 14 approved funds to work with the Singapore Government as part of the program:[4]

  • The Biofactory
  • Clearbridge Accelerator
  • Get2Volume
  • Golden Gate Ventures
  • Incuvest
  • Jungle Ventures
  • Plug&Play Singapore
  • Red Dot Ventures
  • Small World Group
  • Stream Global
  • Silicon Straits
  • TechCube8
  • TNF Ventures
  • Wavemakers Labs

Funded under Technology Incubation Scheme

  • Rainmaker Labs - Singapore Mobile App Development Company

References

  1. ↑ "Technology Incubation Scheme Call for Proposal". Singapore National Research Foundation. Archived from the original on 6 September 2009. Retrieved 11 August 2013.
  2. ↑ "Is the sweet deal for start-ups over?". Retrieved 2 January 2019.
  3. ↑ "National Framework for Innovation and Enterprise". Singapore National Research Foundation. Archived from the original on 11 August 2013. Retrieved 11 August 2013.
  4. ↑ "List of Approved TIS Incubators" (PDF). Singapore National Research Foundation. Archived from the original (PDF) on 1 August 2013. Retrieved 10 August 2013.
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